In an earnings call, Sergio Marchionne, CEO of Fiat Chrysler, said, “When [Maserati] completes the development of its next two models, it will effectively switch all of its portfolio to electrification.

“As these products come up for renewal post 2019, it will start launching vehicles which are all-electric and which embody, I think, what will be considered state of the art technology.”

Quite a turn around for the man who urged the public not to buy the Fiat 500e as it was losing US$8,300 on every car sold.

Fiat Chrysler is behind other carmakers in rolling out hybrid, plugin hybrid and electric cars. By 2022, half the FCA range will be electrified in some way, with Maserati leading the way.